Federal Reserve officials fanned out to drive home the message that they are likely to start raising short-term interest rates later this year, reinforcing Chairwoman Janet Yellen’s remarks to Congress during this past week.

Federal Reserve officials who want to boost short-term interest rates soon warn that if the central bank waits too long, rate increases will ultimately have to be more aggressive and potentially disruptive to the economy.

Federal Reserve Bank of New York President William Dudley said Friday that while he sees no urgency to raise short-term interest rates, if unusually low bond yields don't rise the central bank could be forced to act more aggressively when it does start the process of boosting borrowing costs.

Federal Reserve Bank of Atlanta President Dennis Lockhart continues to cautiously eye favoring an interest rate increase this summer, although he added he still needs to see more data to support such an action.

A report released Friday by the Federal Reserve Bank of New York highlights the careful balancing act the central bank faces as it prepares to deploy a new tool that it hopes will provide better control over short-term interest rates.

The Fed's Bullard said the U.S. central bank needs to change its policy statement to give it more room to maneuver with interest-rate increases, in comments that also expressed hope the first rate rise will come soon.

What is a “trimmed mean” inflation measure? It’s a way of calculating price pressures that aims to better uncover the underlying trend of inflation. Trimmed-mean measures strip out the biggest price movers in any given month in a bid to reduce noise in favor of signal.

In his final speech as a central banker, Philadelphia Fed President Charles Plosser warned on Tuesday that efforts to audit the Federal Reserve's monetary-policy making decisions could lead to dreadful economic outcomes.

Outgoing Federal Reserve Bank of Philadelphia President Charles Plosser said he isn't yet ready to throw in the towel on his long-held fear ultra-easy central bank policies will cause an inflation outbreak.

Federal Reserve Bank of Dallas President Richard Fisher isn't going out quietly. The soon-to-retire official argued Wednesday in favor of broad changes that would take significant power away from the New York Fed and shift it toward the central bank's other regional operations.